Opening a Japanese bank account will make life much easier if you are a new resident in the country. There is a large commercial banking sector consisting of major city banks, smaller regional banks, trust banks, and international banks, as well as online and mobile fintech providers. <\/p>\n\n\n\n
The Financial Services Agency<\/a> regulates the Japanese banking sector, and banks are registered with the Japanese Bankers Association<\/a>. Here is some useful information if you are thinking of opening an account.\u00a0<\/p>\n\n\n\n Banks in Japan offer similar services to those you may find in other countries. These include: <\/p>\n\n\n\n Product and service availability (and cost) varies across banking providers and account types, so check that an account has what you need before opening. <\/p>\n\n\n\n Bank account types in Japan generally include: <\/p>\n\n\n\n Additionally, some banks offer current and savings accounts tailored to specific groups, for example, children, students, or non-residents. <\/p>\n\n\n\n Requirements vary across banks and account types, but many banks have residency requirements (e.g., you need to have been a resident for at least six months). If you don\u2019t meet this requirement, you may be able to open a non-resident account or an account with an international or digital provider. <\/p>\n\n\n\n You will typically need to provide proof of Japanese residency and a Japanese address for many accounts. Higher-tier or savings accounts may have minimum balance or income requirements. <\/p>\n\n\n\n You can open a Japanese bank account in person, although you will usually need to be able to speak and understand Japanese. Many major banks now allow you to open an account online or digitally, as long as you can upload copies of the required documentation. <\/p>\n\n\n\n Typically, you will need to complete an application form and provide the following: <\/p>\n\n\n\nBanking Services in Japan<\/strong><\/h2>\n\n\n\n
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Types of Bank Accounts in Japan<\/strong><\/h2>\n\n\n\n
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Requirements to Open a Japanese Bank Account<\/strong><\/h2>\n\n\n\n
How to Open an Account<\/strong><\/h2>\n\n\n\n
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